Breaking down Citi's trades; Short oil, buy dollar vs. euro, buy US stocks
Citi analysts released their latest asset allocation strategy note on Friday, highlighting several key trades that reflect a cautious yet opportunistic stance amid ongoing economic uncertainty.
This shift is said to have led to increased caution in the equity markets, with Citi maintaining a neutral stance overall but showing a preference for U.S. equities over European counterparts. On the other hand, the long position in precious metals is expected to benefit from a more dovish Federal Reserve and increased gold purchases by the Chinese central bank.
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